On 29 September, SDNY charged dealer with NY public pension fund bribery. Deborah Kelley, was ex-MD of institutional fixed income sales at a broker dealer. Bribery Kelley participated in scheme involving the NY State Common Retirement Fund. Bribed official with control over investment of $50bn State pension fund assets. Directing business to her firm,…
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E. U. ESMA Updates Market Abuse FAQs
On 29 September, ESMA issued updated FAQs on disclosure of inside information - Art 17(4). Cover delayed inside information that has lost the feature of price sensitivity under MAR. Clarifies where information ceases to be price sensitive it is no longer insider information. Issuer neither obliged to publicly disclose information nor inform the competent…
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